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Ethereumnameservice

ENS Drops 60%+ in 2022. Is There Any Hope Left?An update to the drama with Ethereum Name Service (ENS), which has been going through some tough times. This week I swapped out my ryangtanaka.eth ENS domain for ryangtanaka.org - a more traditional DNS domain for all of my #Web3 related activities. (My web hosting account is canceled, still - I'm planning on hosting all of my web activities on IPFS from now on.) The idea of a decentralized domain system did appeal to me since I wanted to lead by example in my migration towards Web3. But after the controversies with ENS's Operations Director's (Brantly Milligan) bigoted comments surfaced last month it gave a lot of people pause about the whole project, including myself. Looking into it further, .eth (and all other 3-letter domain names) are currently controlled by ICANN, who tends to be the gatekeeper for most DNS-related things today.) There were talks about using .eth for Ethiopia - though it's not clear right now - but either way, if you want to see .eth domains render in common browsers there's a need for the folks at ENS to strike a deal with the folks there. discuss.ens.domains They've been sitting on the problem for over 3 years, basically ignoring the biggest bottleneck for ENS's success, hoping that the problem will somehow resolve itself. Milligans' comment about "anything could happen" isn't exactly a plan, nor leadership, to say the least. He was removed from the non-profit company he was working for, but the DAO's move to remove him as the director of the Foundation Company failed last month. (Milligan has the highest delegate count by far and voted to keep himself, not surprisingly.) discuss.ens.domains So I sold all of my $ENS tokens that was airdropped to me as well, as of this week. (I know I'm not the only one.) I did turn a decent profit and I'm not going to turn down free money, but the fact that they couldn't get people to buy into the coin on its own merit should've been a red flag from the beginning, honestly. Unstoppable Domains is having similar issues with their .crypto/.nft/.coin domains as well - this stuff isn't easy to do, despite how simple it appears to be on the surface. But they do at least have the advantage of not having tarnished their brand with unnecessary provocations so there might still be some path to success. In a way, this is a perfect example of what Web3 ought to be - if you don't know how to play nice, you're out. The future of the internet lies in forming win-win scenarios out of the decentralized ecosystem, and those who don't know how to do that get weeded out, quickly.
Long
by RyanTanaka
7
ENS entering accumulation phase? or are we going to see more lowIs ETH NAME SERVICE token entering accumulation phase or are we going to tank down to $5 since it serves no purpose other than Governance? We can see a long term falling wedge pattern, we did see some breakout recently with some buying volumes coming in from the 26th Jan 2022 Seems like ENS is paired to the big boys (bitcoin). And since Bitcoin seems to have paired with NASDAQ, if Bitcoin doesnt move to mid 40ks in FEB 22 It will be trouble for the markets. The reason being is that as we get closer to the month of March, FED is about to announce its first Interest Rate Hike since ages. This may have a bearish impact on the stocks which might result into a sell off in crypto markets as well.
by btgraph
ENS Ethereum Name Service currently in the H of a C&H PatternENS is something that was brought to my attention recently by a CC member. When it released a few weeks ago it went from 30 to 85 in no time flat. From there we started to develop an almost textbook cup and handle pattern. We are currently in the handle and there is potential for huge breakouts (one almost happened). This is a coin I am going to watch and get into if I see the right patterns emerge but this is a great start to a new crypto.
Long
by ConqueringCrypto
1
ENS/USD to $110 (HODL)(COINBASE LISTING)YOU CAN NOW TRADE ENS ON COINBASE Support: $42.50-$40.00/ $36.00-$34.00/ $30.00 / $20.00 Resistance: $50.00-$48.50/$58.00/$65.00/ $75.00/$86.00/$96.00/ $110.00 Ethereum Name Service, a protocol that issues non-fungible tokens (NFT) that can represent Ethereum addresses as well as web domains, launched an airdrop portal for its newly issued ENS token. Airdrops are a token distribution method that awards a portion of circulating tokens to Ethereum addresses that fulfill certain parameters, such as having purchased an NFT. ENS NFT holders are currently eligible to claim tokens, with many users reporting allocations worth upwards of $20,000, and the project’s circulating market cap currently sits above $500 million. Early adopters in the cryptocurrency market have once again been rewarded for their bravery and exploration after the popular Ethereum Name Service protocol, which issues nonfungible tokens that double as Ethereum addresses and web domains, distributed an airdrop for its new ENS decentralized autonomous organization (DAO) token. The resulting airdrop translated to an instant five-figure payday for many holders and there are those who would have registered multiple ENS addresses to multiple wallets, meaning some holders are in possession of a six-figure airdrop. It had been widely expected that an airdrop was in the works for members of the ENS community, especially because the tactic has become more common throughout 2021 The claims process for ENS tokens began at 7 pm on Monday, Nov. 8, and qualified domain holders have until May 4, 2022 to claim their allotted tokens. The number of tokens each qualified user receives is based on a calculation that takes into account how long an address has held a domain as well as the length of the domain registration, with a cut-off of eight years. Lower level tiers have received an average of 200 ENS tokens, while the mid-level tier has received 500 ENS and the most active participants have earned 1,000 ENS. Claiming tokens also requires active participation from the domain holder, who has to vote on four articles of the ENS governance constitution designed to get the new decentralized autonomous organization off to a solid start. Users must also delegate their token voting power before getting access to their tokens and Coinbase has emerged as one of the top delegates in early voting
Long
by MavRich_Trading
Ethereum Name Service (ENS) Wykoff Accumulation Price PredictionA price prediction for the ENS token using a Wykoff Accumulation pattern on the 2-hour chart for ENS/BUSD on Binance. The initial spike in price on Binance has been omitted from this prediction as it was mainly due to the listing of the token on Binance and the spike in liquidity that came with it to the platform. Looks like ENS is currently headed into Phase C of the accumulation pattern. Will be interesting to see how this prediction manages to fall short of what will really happen with the price. Currently, if this prediction plays out in any fashion, the price chart looks like it is preparing to print out a nice "W-Pattern" in the coming days.
ELong
by AHoboWithAStick
ENS Airdrop - Ethereum's Big Experiment in Political GovernanceAs of this week, ENS (Ethereum Name Service) tokens have been airdropped to .eth domain holders. The idea was to issue tokens for governance and policies, but the odd thing is that they decided to let it have its own market. I think the idea behind this decision is to make the connections between politics and money explicit, rather than trying to deny it or separate it. We can see in the real world that politicians lie about this stuff all the time, while their supporters just hold their heads down and pretend it's not going on. Is this system a better one than the ones we have now? We'll find out, I guess.
Long
by RyanTanaka
$ENS DAO Long, Web 3.0 is hereWARNING CONTRACT ADDRESS REFERENCED ALONGSIDE THE CHART IS A SCAM. THE CORRECT CONTRACT ADDRESS IS 0xc18360217d8f7ab5e7c516566761ea12ce7f9d72 I am simply using this chart as a placeholder for now until the $ENS contract officially releases on uniswap . You can verify it from: @ensdomains official tweet $ENS DAO article official site contract code functunality Going long on $ENS dao token. An ENS (Ethereum Name Service) is very similar to a DNS (Doman Name System), where instead of seeing a large hex address whenever you search a contract address, it’ll resolve to something a bit more human-readable like exampleName.eth instead of 0xAb5801a7D398351b8bE11C439e05C5B3259aeC9B. It might cost a bit in terms of gas fees to register an ENS, but I believe it’ll be worth it as the airdrop tokens don't have to be claimed until May next year. Even more so considering Web3.0 is around the corner… this could be the next “NFT” collectible. Better stock up on ENS’s for resale on popular names. Much more valuable to collect than an NFT given the high demand of ENS's and low supply of ENS's available. Considering the DNS is estimated to be valued at $8B , $ENS with a similar mcap could make $ENS valued at $80 per token not accounting for distribution flow. Seeing as how 50% of the supply will be locked up in the community treasury, it could be valued at least $160 instead (or 0.035 ETH at eth valued at $4.5k). But with 10% of the supply being available at launch we could see a high of $800 per token (or 0.2ETH at a $4.5k eth) if the fomo is strong at release. I'd argue it could be worth even more per token given the amount of addresses per wallet/contract on the eth ecosystem that will use ENS's out of convenience, compared to how often retail IP addresses dont have DNS's resolved to them unless one is running a webserver.
ELong
by linebands
3